Under what circumstances might a salary or bonus be more appropriate than interest on capital balances as
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 86% (15 reviews)
The use of a salary or bonus as a means of allocating profits would be appropriate whe...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Question Posted:
Students also viewed these Accounting questions
-
Under what circumstances might a firm prefer intermediate-term borrowing to either long- or short-term borrowing?
-
Under what circumstances might a company write down its inventory to carrying value below cost?
-
Under what circumstances might a financing statement be considered effective even if it does not identify the debtor correctly?
-
1. For each of the following, compute the present value (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): 2. For each of the following, compute...
-
The graph in Figure 3.39 shows the percentage change in the CPI over recent years. In what year (of the years displayed) was the change in the CPI the greatest? What happened in 2009? How do actual...
-
Would developing an IDS allow Coastal Medical Center (CMC) to improve the efficiency and quality of its healthcare services?
-
Describe the nature of scrip dividends and discuss the case for and against this form of distribution.
-
George Liu, the CEO of Penn Schumann, was a creature of habit. Every month he and Jennifer Rodriguez, the company's chief financial officer, met for lunch and an informal chat at Pierre's. Nothing...
-
PLEASE follow the rounding instructions because it will be wrong if you dont! Overhead Variances, TWO- And Three-Variance Analyses Oerstman, Inc., uses a standard costing system and develops its...
-
You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for sewing your products. After some research and planning, you...
-
A major issue faced by people who are starting their own business is the form of organization they should select. What are some major characteristics of a partnership that might influence their...
-
If the income of a partnership is not sufficient enough to satisfy all of the provisions of the partnerships profit-sharing agreement, how should this deficiency is handled?
-
What is the term used to refer to inventory while in distributionthat is, being moved within the supply chain? 1002W
-
1. Make a comparison between the leadership approaches "Trait Models" and "Behavioral Models". Discuss the main postulates and differences between the models and provide examples of a theory...
-
Applying the Central Limit Theorem: The amount of contaminants that are allowed in food products is determined by the FDA ( Food and Drug Administration ) . Common contaminants in cow milk include...
-
A collection of techniques used by social scientists to compile, summarize, and convey numerical data. Revised Research Question Hypothesis : Null Hypothesis : A null hypothesis, often known as H0,...
-
Adidas is an international sporting apparel/shoes brand. If Adidas was to enter a new foreign market, it would conduct a country market assessment. Identify the 4 components of the assessment....
-
Using the scenario linked in the Supporting Materials section, assume that you are the cost accountant for your company, and the CFO has asked for your analysis on purchasing materials from an online...
-
Kablossom started a business in 2010 with total assets of \($35,000\) and total liabilities of \($32,000\). At the end of 2010, Kablossoms total assets were \($65,000\), and total liabilities were...
-
Write a paper about medication error system 2016.
-
The main purpose of a DFD is to specify ____________ between systems components. (a) Relation (b) Flow of data (c) Strength (d) Flow of control
-
Because proprietary funds are accounted for in much the same manner as commercial business organizations, is it appropriate for FASB pronouncements to be used for their accounting?
-
Because proprietary funds are accounted for in much the same manner as commercial business organizations, is it appropriate for FASB pronouncements to be used for their accounting?
-
Why is it important for internal service funds to differentiate between revenues generated by inter-fund transactions and transactions with external parties?
-
Nitin is paid a base salary of $200 per week and commission at the rate of 3% for sales over $5000, 4% if his sales are over $8000, and 5% if sales are over $15,000. How much will Nitin earn in a...
-
Safa is paid a base salary of $1500 per month and a commission of 6% on all sales over $75,000. Last month, Safa's gross salary was $4440. What were her sales for the month? a$149,000 b$124,000...
-
Your regular hourly rate of pay is $15.86, and you are paid double time for all work on weekends and for any time over forty hours per week (Monday to Friday). Calculate your gross earnings for a...
Study smarter with the SolutionInn App